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Saturday, April 09, 2005

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MONEY & BANKING

FOREX


Rupee weakens; bonds choppy
MUMBAI: The bond market was choppy, though it recovered towards the end of the day. The yield on the 10-year benchmark 7.38 per cent 2015 Government security paper breached the seven-per cent level, as markets nervously awaited inflation ... More

HOUSING FINANCE


PF subscribers face housing loan woes
A LARGE section of subscribers of the Employees Provident Fund Organisation (EPFO), who are seeking housing loans from their accounts, are a peeved lot today. With the Ministry of Finance dithering for the last three financial years over ... More

FINANCIAL POLICY


'Allow States direct market access to loans'
STATES should be allowed to access the market directly for meeting their borrowing requirements. The overall limit to their annual borrowings should be supervised by an independent body, Dr Rangarajan, Chairman of the Economic Advisory Council to ... More

PUBLIC SECTOR BANKS


SBH staff donation
HYDERABAD: Towards the relief of bereaved families of the recent devastating Tsunami, the staff of State Bank of Hyderabad (SBH) has donated Rs 64.15 lakh, being their day's salary, towards the Prime Minister's Relief Fund. A cheque to ... More

FINANCIAL INSTITUTIONS


Dabhol: Govt okays guarantee to FIs
THE Cabinet Committee on Economic Affairs (CCEA) on Friday approved a proposal for furnishing a guarantee to domestic financial institutions (FIs) for settling the dispute with various stakeholders of the 2184 MW Dabhol power project. "We are ... More

CREDIT MARKET


Govt may hike target for bank credit to SSIs
THE Government may set higher targets for bank credit to the small-scale sector. The Union Finance Minister, Mr P. Chidambaram, on Friday said credit to the agriculture sector grew after setting higher targets for public sector banks and that ... More

SHORT TERM INSTRUMENTS


RBI to raise Rs 2,500 cr under MSS
RESERVE Bank of India plans to raise Rs 2,500 crore through the auction of 364-day and 91-day Government of India treasury bills under the Market Stabilisation Scheme. Of this Rs 1,000 crore will be raised through the 364-day T-bills, while Rs ... More

REGULATORY BODIES & RULINGS


IRDA to announce norms for ULIPs
THE Insurance Regulatory Development Authority (IRDA) will be announcing guidelines for unit-linked policies (ULIPs) shortly. Mr C.S. Rao Chairman, IRDA said that there were concerns about the lack of proper communication to customers in terms ... More


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Top Stories
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PF subscribers face housing loan woes

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In Focus

BHEL Disinvestment
China's revaluation
Dabhol power regenerated
Tracking the rains
Sethusamudram Canal Project
India Inc's overseas acquisition
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In Depth

Gender Justice
Simple Economics
Tax Talk
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Looking back
Mar. 27-Apr. 2
Forex reserves rise $1.7 b

Fearing impact on bottomlines — Banks not willing to sell benchmark securities

General insurers pitching to provide risk cover to port trusts

Centre to borrow Rs 83,000 cr in H1

Getting locked into EMI loans

Regulate hospital charges, urge health insurers

Home loans set to grow at 30-40 pc


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